OT: Stock Market - I need a shoulder to cry on

[svenben]

F-me this is brutal..

 

[poncho0091]

im right there with you

 

[Go Canes!!]

Buy and hold

 

[Go Canes!!]

Oh yeah, 15-0

 

[HerbieDaGawd]

Trying not to check it, but I agree fml. I had the genius idea of thinking "hey all this money in the savings account isnt doing anything right now with interest rates being so low, I should at least put it in the market it should do better than 0.5% or whatever" lol jokes on me. :****:

 

[orange&green84]

Buy and hold

Unless you're in your late 50's / nearing retirement, the current trend with the stock market should be irrelevant.

 

[orange&green84]

Trying not to check it, but I agree fml. I had the genius idea of thinking "hey all this money in the savings account isnt doing anything right now with interest rates being so low, I should at least put it in the market it should do better than 0.5% or whatever" lol jokes on me. :****:

Stock market will go back up, and long term growth is key. The stock market will not make you rich overnight.

 

[RangerGranger]

Wait, so all the gains I missed the past 6 months from being OOTM, I can get back?

 

[HerbieDaGawd]

Stock market will go back up, and long term growth is key. The stock market will not make you rich overnight.

Right. Time in market over market timing. I know. It still sucks though

 

[HerbieDaGawd]

Wait, so all the gains I missed the past 6 months from being OOTM, I can get back?

Yeah, get a margin account and short sell everything

 

[RangerGranger]

Yeah, get a margin account and short sell everything

Sheeeeit. We in there broski! lol

 

[CANE1775]

It's not that bad.

 

[CashMoneyCane]

Asset allocation drives 90% of returns over the long run. Market timing, manager/security selection and other factors make up the remaining 10%. If you don't want to use in the market, buy and hold and put cash in on the dips, which are best assessed by low P/E ratios, NOT price drops (although yes the former is a function of the latter, to a degree).

If you're gonna short, don't leave yourself naked.